Daulat Securities Board Appoints New MD, Considers Property Monetisation
Daulat Securities Ltd's Board of Directors met on October 1, 2026, to discuss several key business transactions. The board noted the resignation of Mr. Jitendra Kochar as Managing Director, effective from the 33rd AGM on September 17, 2026. Mr. Dinesh Kumar was appointed as the new Chairman of the Audit Committee. A significant agenda item was the discussion of options for monetisation and optimal utilisation of the company's immovable properties, including development/redevelopment and joint ventures, to unlock value and improve resource utilisation. Additionally, Mr. Ajit Kochar was appointed as the new Managing Director, subject to shareholder ratification. The board meeting commenced at 11:30 AM and concluded at 12:05 PM.
Key Highlights
- Board accepted resignation of MD, Mr. Jitendra Kochar.
- Mr. Dinesh Kumar appointed as new Chairman of Audit Committee.
- Options for monetising company's immovable properties were discussed.
- Mr. Ajit Kochar appointed as new Managing Director, pending shareholder approval.
- Board meeting held on October 1, 2026, from 11:30 AM to 12:05 PM.
Price Impact
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